MPB (Mid Penn Bancorp) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Mid Penn Bancorp LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Mid Penn Bancorp's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Mid Penn Bancorp's long-term debt to total assets ratio declined from Sep. 2023 (0.02) to Sep. 2024 (0.01). It may suggest that Mid Penn Bancorp is progressively becoming less dependent on debt to grow their business.

Mid Penn Bancorp LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mid Penn Bancorp's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mid Penn Bancorp LT-Debt-to-Total-Asset Chart

Mid Penn Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.04

0.02

Mid Penn Bancorp Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.01

Mid Penn Bancorp LT-Debt-to-Total-Asset Calculation

Mid Penn Bancorp's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	114.642	/	5290.792
	=	0.02

Mid Penn Bancorp's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	77.388	/	5527.025
	=	0.01

Mid Penn Bancorp (NAS:MPB) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Mid Penn Bancorp LT-Debt-to-Total-Asset Related Terms

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Mid Penn Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mid Penn Bancorp Inc (NAS:MPB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2407 Park Drive, Harrisburg, PA, USA, 17110

Website

https://www.midpennbank.com

Mid Penn Bancorp Inc operates in the financial services domain. It conducts commercial banking and trust business in the United States. Its range of services comprises mortgage and home equity loans, secured and unsecured consists and consumer loans, lines of credit, construction financing, farm loans, community development, local government loans, and various types of time and demand deposits.

Executives

Maureen M. Gathagan	director	2407 PARK DRIVE, HARRISBURG PA 17110
Specht William A Iii	director	2407 PARK DRIVE, HARRISBURG PA 17110
Scott W Micklewright	officer: EVP and Chief Lending Officer	2407 PARK DRIVE, HARRISBURG PA 17110
Rory G Ritrievi	director, officer: President & CEO	2407 PARK DRIVE, HARRISBURG PA 17110
Kimberly J Brumbaugh	director	349 UNION STREET, MILLERSBURG PA 17061
Justin T. Webb	officer: SVP and Chief Credit Officer	2407 PARK DRIVE, HARRISBURG PA 17110
Joel L. Frank	director	2407 PARK DRIVE, HARRISBURG PA 17110
John E Noone	director	2407 PARK DRIVE, HARRISBURG PA 17110
Joan E Dickinson	officer: EVP/Chief of Staff	2407 PARK DRIVE, HARRISBURG PA 17110
Robert A Abel	director	2407 PARK DRIVE, HARRISBURG PA 17110
Albert J. Evans	director	2407 PARK DRIVE, HARRISBURG PA 17110
De Soto Matthew G	director	2407 PARK DRIVE, HARRISBURG PA 17110
Theodore W Mowery	director	2407 PARK DRIVE, HARRISBURG PA 17110
Hudson Brian Arden Sr.	director	2407 PARK DRIVE, HARRISBURG PA 17110
Robert C Grubic	director	2407 PARK DRIVE, HARRISBURG PA 17110